And it may work well in an upper-class community where people are better citizens.

Generally your best cash flow will come from Manchester and Rochester, but with a tenant class that needs extra management.  

I generally tell people that if you are looking for nicer turn-key properties on the MLS, plan for about .8-.9% deals for your C class rentals and .6-.8% deals for B class.

Always exciting moving to a larger asset class. 

those rules are totally out dated.. they were fine coming out of the GFC  but values have risen faster than rent.. not that you cant get those today you can if your willing to risk asset class and or you hunt for these on your own direct to seller.

Common projects are large multifamily apartment complexes focused on a value-add strategy to reduce risk, taking Class B products and improving them to Class B+ or A equivalent.

But on Quickbooks each property is it's own "class".

@Ryan Howard welcome...doing some more research on your desired path should shed some light on the environment you're working in...I would caution noting that you do not have capital, but want to wholesale to raise capital...you're essentially admitting you are trying to broker real estate without a license...you will hear lots of opinions on this, but the bottom line is if you have no intent to close on a contract you enter into, you're engaging in unlicensed activity and subject to $1,000/day fines.I'm not saying don't wholesale...I am saying do your homework so you don't end up in a tight situation.Taking time to explore every option in RE investing is not a good approach...I can save you years of heartache and you'll be wealthy much faster by sticking to fundamentals...long-term buy and hold real estate is the only path you need to go down. 

All in all, the STRs are contributing to the affordable housing issue but there is much more at play, at least in our local environment.

The property is considered to be in an A-B class neighborhood in St.